GMR Airports Q1FY24 Results: Consolidated PAT of Rs. 29.80 Cr

GMR Airports Q1FY24 Results: Consolidated PAT of Rs. 29.80 Cr

GMR Airports Q1 results show revenue up from 1996.84 crores to 2143.28 crores, a 7.33% increase in growth. EPS rise from ₹-0.73 to ₹-0.05, up by 93.15%.

First, Let’s Begin with Quarter-on-Quarter Basis:

GMR Airports shared its Q1 results on Monday. They earned 2143.28 crores in revenue this quarter, but that’s more than the 1996.84 crores they made last quarter. The company’s growth increased by 7.33 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was -29.80 crores, up from -441.47 crores in the previous quarter. Their quarter-to-quarter growth increased by 93.25 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹-0.05, which is an increase of 93.15% from the ₹-0.73 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2143.28 crores this year (2023), which is 30.98 percent higher than last year’s total revenue of 1636.38 crores.

This year’s PAT (Profit After Tax) is -29.80 crores, which is also 78.24% higher than last year’s PAT of -136.98 crores.

The EPS (Earnings Per Share) for this year is ₹-0.05, which is 78.26% more than the EPS of ₹-0.23 earned last year.

Also Read: Astrazeneca Pharma Q1FY24 Results: Consolidated PAT of Rs. 53.86 Cr

GMR Airports Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About GMR Airports:

GMR Airports Infrastructure Limited, previously recognized as GMR Infrastructure Limited (GIL), and a subsidiary of GEPL, is actively involved in the advancement, management, and upkeep of airports. The company also provides comprehensive security solutions as part of its services. The operational structure consists of GMR Airports Limited (GAL), responsible for overseeing the airport segments, and RAXA Techno Security Solutions, entrusted with managing security solutions.

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